Coventry for intermediaries has announced a series of mortgage rate reductions across both its residential and buy-to-let ranges, with new products available from today, Friday 7th November.
Residential rates have been reduced by up to 0.25% while buy-to-let rates have been cut by up to 0.10%.
Among the updated products is a 3.92% 2-year fixed rate to 31 May 2028 at 65% loan-to-value (LTV) with a £999 fee, available for residential purchase.
In the buy-to-let range, a 5.09% 5-year fixed rate until 31 May 2031 at 75% LTV with no fee is now available for limited company purchases.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “It’s encouraging to see rates continuing to ease across both residential and buy to let ranges.
“Lower pricing not only gives brokers more competitive options to present to clients but also helps rebuild confidence among borrowers who’ve been waiting for the right moment to act.”
